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Realty firm Brigade Enterprises on Monday said its consolidated net profit stood at Rs 52 crore for the quarter ended in September against a net loss of Rs 14 crore in the year-ago period.

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The revenue in the second quarter of this fiscal stood at Rs 912 crore as against Rs 776 crore in the corresponding period of the previous year, Bengaluru-based Brigade Enterprises said in a statement.

“Our real estate business vertical continued to lead the growth with contributions from all other verticals including retail and hospitality,” said M R Jaishankar, Executive Chairman, Brigade Enterprises Ltd.

“We expect to sustain and grow the momentum in the coming quarters with a good pipeline of new residential projects and leasing business and continued growth in hospitality business in H2FY23,” he added.

Brigade Enterprises one of India’s leading property developers. PTI MJH MR MR

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